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Panther and e-Money have announced their intent to explore a strategic partnership to help safeguard privacy in a compliant way. This strategic collaboration aims to bridge the gap between legacy banking systems and DeFi, bringing financial inclusion and easy access to digital currencies for Web3 users while maintaining their privacy. This is a long-term collaboration that aligns with both values to empower privacy and compliance for institutions.
How does Panther benefit from this partnership?
This collaboration will give Panther access to explore e-Money’s compliant European stablecoin and payment solutions. After partnering with multiple Layer-1 and 2 blockchains, Panther has decided to expand its ecosystem with the addition of e-Money, which supports instant payments at scale and includes a DEX for easy conversion between currencies.
Panther and e-Money are both excited to explore the possibility to help safeguard privacy in a compliant way. Incorporating the stablecoin ecosystem will be a key part of Panther’s strategy to infuse decentralized finance with privacy, moving forward. This long-term collaboration aligns with both values to empower privacy and compliance for institutions. As both entities explore the possibilities of working together, this will benefit not just their users but the industry as a whole.
How does e-Money benefit from this partnership?
Danish Fintech company e-Money is a blockchain-based payment platform for interest-bearing, currency-backed stablecoins. This partnership will allow access to DeFi privacy for e-Money’s blockchain-based payment platform, which has recently announced its European stablecoin eEUR. This aligns with their mission to help empower people in the digital economy, while additionally allowing users to access Panther’s private blockchain solutions.
Panther is set to launch its MVP in the coming months. Retail and institutional investors and e-Money users could benefit from Panther’s privacy solutions by conducting their trades through the protocol. This will, in turn, help them avoid the dangers of public ledgers due to their transparent nature, subjecting DeFi users to surveillance and economic espionage. Without privacy in the DeFi ecosystem, traders risk losing their competitive advantage through front-running, back-running, sandwich attacks, and other known dangers. Panther will bring transaction privacy that will allow users to trade, utilize DeFi protocols, and invest privately and securely while maintaining compliance and disclosure.
Panther is a decentralized protocol that enables interoperable privacy in DeFi using zero-knowledge proofs.
Users can mint fully-collateralized, composable tokens called zAssets, which can be used to execute private, trusted DeFi transactions across multiple blockchains.
Panther helps investors protect their personal financial data and trading strategies, and provides financial institutions with a clear path to compliantly participate in DeFi.
e-Money is a blockchain-based payment platform built by Danish fintech e-Money A/S, committed to bringing financial inclusion and helping people around the world to have easy access to digital currencies. Built on Cosmos technology, e-Money supports a range of fiat-stablecoins which are fully backed by bank deposits and government bonds that are also interest bearing. The fidelity and transparency of e-Money stablecoins will be ensured by Ernst & Young providing quarterly Proof of Funds.
e-Money currently supports several European currency-backed stablecoins such as the EEUR, the ECHF, and tokens backed by Scandinavian currencies (ENOK, EDKK, and ESEK). The e-Money ecosystem has a second token, the NGM “Next Generation money” which is a staking token and rewards token. Users can stake NGM to secure the e-Money network.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money has already integrated with Cosmos Hub, Osmosis, and Ethereum and expects to integrate with all major networks moving forward.